Proactive Investors - Run By Investors For Investors

De.mem wins new dewatering and water treatment contracts

The company will deliver a containerised sludge dewatering system.
a water treatment system
De.mem is headquartered in Singapore

De mem Ltd’s (ASX:DEM) subsidiaries have been awarded four new dewatering and water treatment contracts totalling circa $300,000.

De.mem is a decentralised waste-water treatment business that designs, builds, owns and operates customised industrial waste water treatment systems for its clients.

The scope of work for the new contracts include the delivery of a containerised sludge dewatering system, a pump station and a chemical dosing system to certain mining sites in Queensland.

De.mem has also entered into an operations and maintenance agreement with a luxury resort, also in Queensland to operate the water and sewage treatment plants for a period of three months.

These projects will start immediately.

De.mem is headquartered in Singapore and has a manufacturing site in the country.

The company’s product offering is in two segments; the industrial segment serving electronics, chemicals, oil & gas and the food & beverage industries and the municipal and residential segment.

Winning these new projects follows the acquisition of Akwa-Worx and Akwa Facility Maintenance, underlining the company’s expanded customer base and a robust project pipeline.

De.mem’s share price increased circa 8% in the last one month and closed at $0.34 on Wednesday.

View full DEM profile View Profile

De.mem Timeline

Related Articles

ShareRoot imagery
November 12 2018
The consumer data security provider is aiming to grow revenue and reduce spending in the coming year.
Vmoto models at an exhibition
November 08 2018
Vmoto’s ‘green’ two-wheel vehicles are making major inroads in European markets.
Mergers and acquisitions drawing of a big fish eating a small fish
November 01 2018
The company was named one of the world’s Top 50 Developers of 2018 by business-to-business publication PocketGamer.biz.

© Proactive Investors 2018

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use